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Present value-sarah wiggum

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(Present value) Sarah Wiggum would like to make a single investment and have ?$1.9 million at the time of her retirement in 28 years. She has found a mutual fund that will earn 8 percent annually. How much will Sarah have to invest? today? If Sarah earned an annual return of 17 ?percent, how soon could she then? retire?

a. If Sarah can earn 8 percent annually for the next 28 ?years, the amount of money she will have to invest today is ?$ nothing. ?(Round to the nearest? cent.)

Reference no: EM132421159

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